Debt and Crisis in Latin America

The Supply Side of the Story

Robert Devlin

• Publisher: Princeton University Press
• Year: 2014
• Print ISBN: 9780691000794, 9780691634272
• eBook ISBN: 9781400860531
• Topic: Business
• Subtopic: Finance
• Index: Business

Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside.

Originally published in 1990.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Table of contents

• Cover
• Contents
• List of Figures
• List of Tables
• Preface
• 1. Introduction: The Crisis in Latin America
• 2. Growth and Transformation of International Banking: An Overview
• 3. International Banking: Its Structure and Performance During the 1970s
• 4. The Expansive Phase of an LDC Credit Cycle
• 5. The Crash and the Political Economy of Rescheduling
• 6. The Outward Transfer of Resources: What Can Be Done About It?
• Appendix. The Methodology of the Case Studies on Bolivia and Peru
• Bibliography
• Index